Defer

Interactive Wealth offers law firms and their highly compensated attorneys (HCA) a new way to defer their contingency fees on a pre-tax, tax-deferred basis beyond their current firm’s sponsored retirement plan–without any limits or restrictions.

Currently, the IRS limitshow much a HCA can defer in their retirement plan. However, Interactive Wealth’s NQDC plan for tort attorneys delivers a new solution. Now, law firms can offer:
 

  • Income tax relief via unlimited pre-tax deferral of salary, bonuses, commissions, etc.
  • “Golden handcuffs” to retain key employees”
  • Tax-deferred earnings on account balances
  • A quality menu of diverse investment alternatives
  • Enhanced planning flexibility for life-event purposes (college education, etc.), as well as retirement
  • Scheduled distributions without an early withdrawal penalty [10% in a 401(k)]

 
If you would like to learn more about ways to defer taxes for yourself and your HCA contact us today.

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